Nordic American Tanker NAT
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Nordic American Tanker (NAT) Business Model and Operations Summary
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.
Key Insights
Nordic American Tanker (NAT) Core Market Data and Business Metrics
Latest Closing Price
$2.44Market Cap
$500.07 MillionTotal Outstanding Shares
208.80 Million SharesTotal Employees
17Dividend
$0.06 Per Share QuarterlyIPO Date
September 30, 1997Primary Exchange
New York Stock Exchange
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Average Daily Volume: The average number of shares traded per day over the specified period.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 14,434,593 Shares | +6.37% | 3/14/2025 | 4.45 |
| 13,570,387 Shares | +9.14% | 2/28/2025 | 4.17 |
| 12,434,378 Shares | +12.31% | 2/14/2025 | 5.84 |
| 11,071,755 Shares | +13.09% | 1/31/2025 | 3.84 |
| 9,790,493 Shares | -1.12% | 1/15/2025 | 2.88 |
| 9,901,757 Shares | -0.31% | 12/31/2024 | 3.73 |
Historical Dividends
Current dividend: $0.06 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 28, 2025 | Mar 24, 2025 | Mar 10, 2025 | $0.06 | Quarterly |
| Nov 29, 2024 | Jan 16, 2025 | Dec 17, 2024 | $0.04 | Quarterly |
| Aug 29, 2024 | Nov 26, 2024 | Sep 26, 2024 | $0.12 | Quarterly |
| May 29, 2024 | Jul 18, 2024 | Jun 28, 2024 | $0.12 | Quarterly |
| Feb 29, 2024 | Apr 10, 2024 | Mar 20, 2024 | $0.12 | Quarterly |
| Nov 29, 2023 | Jan 17, 2024 | Dec 20, 2023 | $0.06 | Quarterly |